Vietnam is an attractive destination for investment amid a lackluster global economy, Nirukt Sapru, CEO of Standard Chartered Bank Vietnam said in a recent report.

Economists have warned that the foreign-invested economic sector may become dominant in the national economy.

VOV.VN - Over the past decade, Vietnam’s resilient economy has grown in importance to international trade and foreign direct investment (FDI) relative to western developed post-industrial economies, says Belgian Ambassador to Vietnam Jehanne Roccas.

Buoyed by landmark free trade agreements and higher economic growth, this year Vietnam is likely to trump 2015’s record high of US$23 billion in foreign direct investment.

Phu Quoc island has been thriving, turning itself into a tourism and investment hub in southern Vietnam thanks to many large-scale projects that have helped build its reputation among investors.

VOV.VN - Vietnam’s clothing and textiles industry has recorded average annual growth of 15% over the past five years and experts anticipate this trend to continue in the near term with gross export revenue reaching a record high US$30 billion by 2020.

Singapore’s Charles Wembley Vietnam was granted an investment licence to build a medical equipment plant in Saigon hi-tech park (SHTP) on January 29. 

Thailand's Siam Cement Group (SCG), which has invested US$700 million in Vietnam since 1992, plans to expand its operations in the country, especially in the cement and upstream petrochemical sectors, according to Thailand’s “The Nation” newspaper.

VOV.VN - Malaysian companies are the seventh leading source of foreign direct investment (FDI) in Vietnam, having cumulatively registered funding of US$13.5 billion in 523 ventures through 2015, reports the Foreign Investment Agency (FIA).

VOV.VN - Schneider Electric Vietnam on January 26 began the first phase of construction on a new manufacturing plant in Saigon Hi-tech Park in Ho Chi Minh city with an investment capital of US$45 million. 

An official of the northern province of Ha Nam promised optimal conditions, including labour force and infrastructure, for Seoul Semiconductor Co., Ltd from the Republic of Korea (RoK) to run long-term business in the locality. 

VOV.VN -  A seminar opened in India on January 25 to examine ways to further boost business cooperation with Vietnam.

VOV.VN - US businesses continue expanding investment in Vietnam to grasp opportunities from the Trans-Pacific Partnership (TPP).

VOV.VN - The Vietnam government has been trying to build stronger economic ties through active dialogues with some of the world’s largest economic regions such as the US, EU, Eurasia, with the most promising partner being Japan.

Vietnam’s husbandry sector has begun to feel the heat from the ASEAN Economic Community establishment, expected to prompt a rise in foreign foodstuff imports and livestock investment.

VOV.VN -US Avery Dennison Retail Branding and Information Solutions (Avery Dennison RBIS) group on January 18 inaugurated a plant specialising in footwear industry solutions. 

VOV.VN - Pure Projects officially established its representative office in Hanoi on January 18, marking a new step of its development in Vietnam.

Honeywell (NYSE: HON) has recently announced that it will supply a 250 million standard cubic feet per day (mmscfd) modular gas processing plant and advanced automation systems to PetroVietnam subsidiary, PV Gas.

In early 2016 many big names have visited Vietnam to look for opportunities in business cooperation or to implement projects.

Citi has lately inked an aircraft financing loan with Vietnam Airlines, allowing the latter to purchase two Airbus A321s from Airbus SAS (Airbus), in a bid to expand the airline’s fleet and operation.

A survey conducted by the Korea International Trade Association (KITA) has found that the majority of Korean investors who plan to scale up their outward investment plan plan to come to Vietnam.

(VOV) - Thai businesses have expressed concern that foreign investors will shift their investment from Thailand to Vietnam, Singapore and Malaysia to take full advantages of Trans-Pacific Partership (TPP) to approach the US, said Vallop Vitanakorn, vice chairman of the Federation of Thai Industries (FTI). 

(VOV) - Grand Tourane Danang Hotel – the first five-star hotel on My Khe Beach in Danang, will officially be operational on February 1.

The Indonesian Investment Coordinating Board (BKPM), launched a three-hour investment permit service on January 11.

Vietnam N.A Motor Co., Ltd (N.A Motor) has overtaken TN Development Joint Stock Company (TN) in Vietnam Motors Industry Corporation (Vinamotor)’s second auction to purchase the state’s 97.7% stake.

Many suppliers from the Republic of Korea (RoK) have followed Samsung, LG, Lotte, Emart and other major companies to set up shop in Vietnam in recent years, resulting in a sharp rise in Korean investment activity.

(VOV) - The central province of Thua Thien-Hue will support and create the best possible conditions for Australian WorkWithAnyOne Company to invest in human resource training and the software industry in the province.

From July next year ODA (official development assistance) funds received by the country will only be allocated to provinces facing difficulties and for programmes to improve public welfare and eliminate hunger and poverty rather than for large infrastructure projects, according to the Ministry of Finance.

The central province of Nghe An attracted a positive investment flow totaling VND150 trillion (more than US$6.6 billion) during the 2010-15 period.

The new incentives ushered in by the establishment of the ASEAN Economic Community have prompted foreign investors to boost their investment in Vietnam. However, many local firms are missing out on opportunities offered by this trade liberalization mechanism.